Author: Limei ChePublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Governance Structure and Firm Performance in Private Family Firms
Author: Limei ChePerformance and Behavior of Family Firms
Author: Esra MemiliPublisher: MDPI
ISBN: 3038427810
Category : Business & Economics
Languages : en
Pages : 174
Book Description
This book is a printed edition of the Special Issue "Performance and Behavior of Family Firms" that was published in IJFS
How Family Firms Differ
Author: S. BhaumikPublisher: Springer
ISBN: 1137473584
Category : Business & Economics
Languages : en
Pages : 132
Book Description
Family firms account for a large proportion of firms in most countries. In industrialised countries of North America and Western Europe, they generally account for a large share of small and medium sized enterprises. In emerging market economies such as India, they also account for the majority of the large firms. Their importance for factors such as employment creation notwithstanding, relative to the widely held Anglo-Saxon firms, which are ubiquitous in the economics, finance and management literatures, family firms have historically received much less attention from scholars of these disciplines. However, in part owing to increased focus on emerging markets, there is a growing literature on family firms. In How Family Firms Differ, the authors explore important aspects of family firms, drawing on the existing literature and their own research on these firms.
Governance and Family Firms
Author: Julio PindadoPublisher: Edward Elgar Publishing
ISBN: 9780857937469
Category : Family-owned business enterprises
Languages : en
Pages : 0
Book Description
This authoritative research review provides a broad overview of the role that family firms, both those publicly listed and privately held, play in the global economy. The editors have selected seminal papers which investigate how the family business model affects firm performance and corporate decision making, and contribute to disentangling the interrelations that exist between family control of corporations and other governance mechanisms. Given the relevance of corporate governance and family firms for the economy and society as a whole, the present collection constitutes a point of reference for family business researchers, practitioners and policymakers alike. A better understanding of family firms is of paramount importance because these companies are the main drivers of economic growth all over the world. This title, with an original introduction by the editors, will be an excellent source of reference for students, practitioners and researchers in the field of governance and family firms.
The SAGE Handbook of Family Business
Author: Leif MelinPublisher: SAGE
ISBN: 1446265935
Category : Business & Economics
Languages : en
Pages : 697
Book Description
The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.
Governance and Family Firms
Author: Governance Structure and Performance of Private Family Firms
Author: Tarun K. MukherjeePublisher:
ISBN:
Category :
Languages : en
Pages : 34
Book Description
A debate exists on the issue of whether a governance system is value additive or even necessary for a privately-held firm. One side of the debate suggests that, in absence of agency problems, a private firm does not need a costly governance system. The other side argues that a private firm indeed faces agency costs in the form of altruism and, therefore, could extract net gains from a governance system. In this paper, we empirically investigate whether a good governance system crates or destroys value of private family firms. We first demonstrate that a multifamily firm encounters larger agency costs stemming from inter-family conflicts, and therefore, has larger incentive than a single-family firm to institute a superior governance system. We then show that a multifamily firm, owing to its better governance system, outperforms its single-family counterpart.
Competitiveness, Organizational Management, and Governance in Family Firms
Author: Camisón, CesarPublisher: IGI Global
ISBN: 1799816567
Category : Business & Economics
Languages : en
Pages : 459
Book Description
The "family effect" remains a challenge for researchers interested in both the family firm’s organizational form and in the effects of familial ownership on a firm's strategy, structure, and performance. Governance mechanisms, management quality, ownership concentration, and family involvement all have relevant effects in terms of influencing monitoring costs, investment decisions, the development of the portfolio of resources and capabilities, and family firm competitiveness. Nevertheless, few studies to date have opened the black box of the "family effect." Competitiveness, Organizational Management, and Governance in Family Firms is an essential reference source that makes a clear distinction between the separation of ownership and management, on the one hand, and the institutional development of family governance instruments, on the other, to help uncover the asymmetric effects of these two choices. It also allows the examination as to which of the two strategies employed in family firms reinforce managerial capital that has a greater positive impact on the "family effect," thus helping to achieve better managerial capabilities. Featuring research on topics such as corporate governance, private business, and successional leadership, this book is ideally designed for managers, executives, CEOs, company owners, consultants, business professionals, entrepreneurs, academicians, and researchers interested in an in-depth understanding of the keys to success and survival of family-operated organizations.
Corporate Governance, Ownership Structure and Firm Performance
Author: Hoang N. PhamPublisher: Routledge
ISBN: 1000540278
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
The Family Business Map
Author: M. BennedsenPublisher: Springer
ISBN: 1137382368
Category : Business & Economics
Languages : en
Pages : 179
Book Description
Combining the expertise of two consultants and academics from East and West, this book provides an international guide for family businesses, showing how to identify and implement the best governance strategies. Packed with case studies and interviews, this is the ultimate guide for family businesses wanting to achieve long-term success.